What's up in emerging technology

What's up in emerging technology

China’s AI startups scored more funding than America’s last year

Of $15.2 billion invested in AI startups globally in 2017, 48 percent went to China and just 38 percent to America. So says a new report from CB Insights about the state of AI.

So long, America: It’s the first time China’s AI startups surpassed those in the US in terms of funding. While America still has more AI startups than China, they’re starting to lose out in striking equity deals: the US accounted for 77 percent of them in 2013, but that fell to 50 percent last year.